CAT 2025 Slot 2QA Question 15

Profit & LossMedium

An item with a cost price of Rs. 1650 is sold at a certain discount on a fixed marked price to earn a profit of 20% on the cost price. If the discount was doubled, the profit would have been Rs. 110. The rate of discount, in percentage, at which the profit percentage would be equal to the rate of discount, is nearest to

Answer & solution

Correct answer: 14

  • A
    12
  • 14
  • C
    16
  • D
    18

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CAT 2025 Slot 2 QA Q15 — Profit & Loss solution | TheCATExam